https://www.taxtmi.com/caselaws?id=777677 ITAT DELHI - AT allowed the assessee's deduction under s.10AA, holding that once the AO in the first assessment year conclusively found the company to be an independent unit with new plant and machinery, subsequent years' authorities could not deny s.10AA relief by alleging misuse or association with another concern. The Tribunal found no provision permitting bifurcation of the exemption by the Ld. CIT(A) and ruled in favour of the assessee. en-us Mon, 25 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777677 ITAT DELHI - AT allowed the assessee's deduction under s.10AA, holding that once the AO in the first assessment year conclusively found the company to be an independent unit with new plant and machinery, subsequent years' authorities could not deny s.10AA relief by alleging misuse or association with another concern. The Tribunal found no provision permitting bifurcation of the exemption by the Ld. CIT(A) and ruled in favour of the assessee. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777677